Well aside from the fact that it is a trust company established under companies commission Malaysia and not regulated by BNM or SC, the company itself is legitimate and furthermore it has been around for quite some time.

The issues here are:

1. the projected returns/profit sharing (whether net of fees or otherwise [when you read the fine print]), which is in fact a bait to get discussion or get you to the door;

2. transparency as to the instruments invested in, track record of returns and whether they have been successful; and

3.  As long as you have given up all your rights and powers to the trustee, and they have invested in accordance with your instruction, gain or loss, you will underwrite all the risk, save whether there is fraud/negligence on part of the trustee. Which in other words, is a very tall order. Technically, if in that 36 months, they have invested all your monies in Fixed Deposit, there is nothing wrong with it, even if it doesn’t reach the projected returns/profit sharing.

Based on the random stuff I gathered in the internet, I suspect UBB investment is mainly as a venture capitalist, private equity or equity funding. They pump in equity into the firm, in return they will get preference shares and dividend payments from the firm. Alternatively, they might also behave like equity crowd funding, giving out short term loans for operational or working capital. They hint at guarantee because the underlying instrument maybe collaterized.

It would be good to know what they actually invest in and they show their track record all this while, it would inspire some confidence. Then again, I believe once they disclose their secret source, it might be something that is very easy to replicate by potential competitors in the market.

In any case, I wouldn’t invest into such product especially if it aint regulated by SC or BNM.

Read here:
https://theedgemalaysia.com/article/cash-tr...it-ponzi-scheme

https://theedgemalaysia.com/article/content...ars-high-return

the injunction is on Learnabee or UBB?

Ive recently ask my agent for an update of the case. apparently they receive an injunction over the case.

GUAMAN SIVIL NO: WA-22NCvC-393-07/2022

I would like to see the final verdict from the court regarding this. since been having a few trust account here. i also would like to know from people here with legal background as what will happen in future, (OFC i ask my agent he said injunctions good for ubb mah)

You don’t need legal knowledge 🤦‍♀️ but you need at least 3 years of financial statements to prove that the trust is fraudulent

The only way to tell is that where did their so called investments and how they generate their revenue and incomes to pay off their members in dividends